Former Canadian Prime Minister says Bitcoin could become a Reserve Currency

[HayKay]

I think it's good that governments are finally giving Bitcoin a look in; that shows light at the end of the tunnel for the coin and it would be good news for holders and investors of the coin but I know there's still a chance for regulation though.

 

[tyrim88]

Bit coin has really gotten the attention so so many investors and I believe that ten years from now bitcoin won't only become a reserve currency but possibly more than a reserve currency, the only downside that could stop bit coin from becoming a reserve currency is the way it fluctuates by depreciating and appreciating endlessly, otherwise if it were stable it would sure be more than a reserve currency in few years from now.

That is one of the reasons among other things that most government would not like to make use of cryptocurency as a means of e-commerce exchange in their country,because the fluctuations is too much.

 

[Setho]

With the way in which things are going I am definitely going to agree. There are a lot of things that are happening in various economies that bitcoin can be able to fix very well.

 

[Shigobad2020]

I don't think that's a good thing to do, maybe Gold should remain the reserve currency (if you ever consider it as a currency) since it doesn't drop in value like Bitcoin does, relying on something that's volatile is surely not a good idea

Gold will keep appreciating throughout the end of time because its one of the first most valuable assets created by God , and since crypto currency coin normally rises and fall , gold will always keep rising .